LRI Investments LLC Sells 1,206 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

LRI Investments LLC reduced its holdings in Marcus & Millichap, Inc. (NYSE:MMI) by 24.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,686 shares of the real estate investment trust’s stock after selling 1,206 shares during the quarter. LRI Investments LLC’s holdings in Marcus & Millichap were worth $127,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in Marcus & Millichap by 54.1% in the 4th quarter. Deutsche Bank AG now owns 21,494 shares of the real estate investment trust’s stock worth $822,000 after acquiring an additional 7,542 shares during the last quarter. New York State Teachers Retirement System increased its stake in Marcus & Millichap by 11.4% in the 1st quarter. New York State Teachers Retirement System now owns 23,618 shares of the real estate investment trust’s stock worth $814,000 after acquiring an additional 2,416 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Marcus & Millichap by 61.5% in the 4th quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust’s stock worth $4,709,000 after acquiring an additional 46,865 shares during the last quarter. GAMMA Investing LLC increased its stake in Marcus & Millichap by 4,330.3% in the 1st quarter. GAMMA Investing LLC now owns 20,911 shares of the real estate investment trust’s stock worth $720,000 after acquiring an additional 20,439 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Marcus & Millichap by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 403,560 shares of the real estate investment trust’s stock worth $15,440,000 after acquiring an additional 18,785 shares during the last quarter. 62.78% of the stock is currently owned by institutional investors.

Marcus & Millichap Stock Down 1.0%

Shares of NYSE MMI opened at $31.29 on Tuesday. The stock’s 50-day simple moving average is $30.20 and its two-hundred day simple moving average is $33.53. Marcus & Millichap, Inc. has a twelve month low of $27.61 and a twelve month high of $42.80. The firm has a market capitalization of $1.22 billion, a P/E ratio of -184.06 and a beta of 1.23.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.05. The firm had revenue of $145.04 million during the quarter, compared to analysts’ expectations of $140.20 million. Marcus & Millichap had a negative return on equity of 1.09% and a negative net margin of 0.95%.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.